Ripple calls for end to Wild West days of cryptocurrencies. Ripple (XRP/USD), the world’s third largest digital currency, has urged British regulators to follow in the footsteps of Japan and implement new rules to end the “Wild West” days of the cryptocurrency market. According to TheTelegraph, the company suggested that the UK regulators implement structured regulatory frameworks to encourage safe and legal investments into digital currencies. Ripple’s head of regulatory regulations, Ryan Zagone, called on UK regulators to strike a balance between “capturing risk and enabling innovation."
Samsung to track its supply network using blockchain. Electronics manufacturing giant Samsung (LSEIOB: SMSN) is looking to blockchain to manage its vast global supply network. The company looks to use the blockchain ledger system to keep track of global shipments worth tens of billion of dollars a year and hopes to cut shipping costs by 20 percent. Samsung Group is one of the first global manufacturers to take a serious look at using the distributed ledgers in its operations.
Coinbase exchange acquires Earn.com. Coinbase has acquired Earn.com, a business that allows users to get paid in digital currency when they respond to emails and complete certain tasks, Coinbase co-founder and CEO, Brian Armstrong, said. Earn.com co-founder and Chief Executive Officer Balaji Srinivasan, who was previously general partner at Andreessen Horowitz, will join Coinbase as chief technology officer, the San Francisco-based cryptocurrency exchange said.
Huobi Exchange Lists Cardano. Huobi Pro, one of the largest digital currency exchanges in China lists Cardano, where it can be traded for Bitcoin, Ethereum and Tether, the trading platform announced today. In addition to Cardano, Huobi Pro allows trading of Litecoin, Ethereum, Bitcoin Cash, Ethereum Classic, Rippleand several other cryptocurrencies using Bitcoin and Tether. Cardano saw a 13% hike after Huobi confirmed the listing.
The total cryptocurrency market capitalization stands at $324 615 358 804.
For the full list of ongoing ICOs click here.
By Siranush Ghazanchyan